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20121224
20130101
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CSPAN 9
KCSM (PBS) 3
CNBC 1
WBAL (NBC) 1
WJLA (ABC) 1
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English 13
Search Results 0 to 18 of about 19 (some duplicates have been removed)
KCSMMHZ
Dec 31, 2012 2:30pm PST
important to review the deficit. he said the compromise is being looked at and he is urging them to come together right now in the senate to pass this bill. he wants both parties to work together and you could really see in his body language that he feels well right now. >> should there be a deal, what needs to happen in both houses of congress for the stopgap effort to go through? >> first, the senate will come together and decide the taxes for the wealthy will go up. now the question is who is wealthy? households to make more than $450,000 per year will see higher taxes. the next obstacle is what is going happen with the additional money? republicans would like to use that money to reduce the debts and democrats would like to spend it. they will find a compromise in the next hour. let's be optimistic. everyone is optimistic that they will finally pass a bill. mr. boehner will then try to find a common ground with democrats in the house and they will have to pass this bill as well. i'm not sure whether they will be able to do that today, so what we might see is that the house will come
KCSMMHZ
Jan 1, 2013 2:30pm PST
bargain, whatever you want to call it that solves our deficit problems in a responsible way. does not just deal with the taxes but deals with the spending so that we can put it behind us and focus on just growing our economy. >> the plan would permanently raise taxes on households making more than $450,000 while continuing tax breaks from businesses and extend unemployment benefits through 2013 and keep popular tax credits for middle class families until 2018. a decision on spending cuts has been delayed until march. stock markets begin the new year on wednesday when washington will find out what wall street thinks of congress' last ditch compromise. >> we will talk more about this latest deal. for that i am joined by our business correspondent. as we heard hard fought compromise in the senate at least but not everybody seems to be too satisfied. >> it is a compromise. both sides had to withdraw from their original positions. democrats wanted to raise taxes for yearly family incomes starting at $25,000. now it has been pushed to $450,000. if you look at the republicans they preferred
PBS
Dec 27, 2012 6:30pm PST
supposed to bring down spain's budget deficit. the eu is giving madrid more time to get its deficits in line. reductions in health spending are only part of the total to save, but the symbolic value of cutting medical care is great, and so is public anger. >> the son of pakistan's former prime minister has made his first political address. he told party supporters that he would carry forward his mother's legacy, saying that she had sacrificed her life for democracy. benazir bhutto was killed in a gun and bomb attack during her 2007 campaign. >> in student was brutally gang rape on a bus earlier this month, and the prime minister promised to review rape laws and punishments. demonstrators again took to the streets today, calling on the chief of the police department to step down. the government has also ordered an inquiry into the police handling of the case. meanwhile, the young woman whose case sparked the protests has flown to singapore for treatment. her situation remains critical. and internet where there are no political restrictions or government fire walls and were free discussio
KCSMMHZ
Dec 25, 2012 2:30pm PST
, stopping growth and pushing up the state deficit. that israel has approved the construction of 940 new homes -- >> israel has approved the construction of 940 new homes on the outskirts of jerusalem. for palestinians, the land as part of east jerusalem, which would serve as the capital of a future state. they say settlements there violate international law, but israel says it is an integral part of jerusalem, which it sees as its own capital. israel has been pressing ahead with plans to expand settlements since the palestinians were granted observer status at the u.n. to russia has put in place the last section of an oil pipeline from eastern siberia to the pacific. that is a link up that is now almost 5,000 kilometers long. >> the massive project is russia's oil fields direct access to key markets in japan, south korea, taiwan, the philippines, and the usa. >> after six years of construction and around 21 billion euros, the pipeline is complete. russia hopes it will be able to expand sales into the u.s. market. it also wants to sell more into southeast asia. the pipeline goes 2,700 ki
CSPAN
Dec 31, 2012 7:00am EST
offered to make some significant changes to our entitlement programs to reduce the deficit. one trillion dollars in spending cuts over the next 10 years but these changes would result in more savings in the next 10 years and would solve our deficit problems for a decade. they say their biggest priority is dealing with the deficit. they are behaving and protecting the tax breaks for the wealthiest americans. that seems to be their overriding theme. host: a new development yesterday, the vice president joe biden was called in by mitch mcconnell, who said he needed a dance partner in all of this. guest: if you remember on friday, the president said he was going to turn over the lead to senator reid and senator mcconnell to work out a deal that could pass the senate and that he would sign on to whatever deal that was. senator reid and senator mcconnell were not able to reach that deal. the negotiations between them have turned increasingly bitter and senator mcconnell basically said that he could not work with senator read anymore and reached out to joe biden and ask him to resume the role t
CSPAN
Dec 30, 2012 7:00am EST
people all across the country. we talk about reducing deficits and having a responsible budget for 20 years. this is actually, it will you go over the cliff and nothing changes, the largest single day of the deficit reduction in world history. it is $600 billion in deficit reduction trust by the turn in the calendar. over the long term, you look at what that does, we are in much better shape over the long term by going off the cliff. the problem is that right now, we are still very slowly recovering from the worst financial crisis it had since the great depression. it probably is not the time to be having such large deficit reduction. that is why we and others have been focused on getting some kind of a larger deal that can ensure we do not have this extensive short-term deficit reduction. if we start to deal with these problems now, we can do so adequately and without too much short-term economic pain and helping the economy. from let's go to patricia oak creek, wisconsin on the democratic line. caller: good morning, and happy new year to the both of you. i feel so sad for our poo
CSPAN
Jan 1, 2013 7:00am EST
: which is what? caller: to the deficit down, and do what we put them in there to do. host: how should that be done, alan? caller: i'm not sure about that. host: social security, medicare, medicaid? caller: they should be on the table, but not everything else. host: how do you get loring the debt and concur in the debt if medicare and social security are not on the table? they make up 40% of the budget. caller: you are right, but i think a flat tax ought to take care of everything. host: across the board? caller: ok, richard, democratic color in chicago. caller: $450,000 is not middle- class. that is rich. what you said about cutting social security and medicaid on the table, i believe they should be on the table. high income earners should not receive social security. they are rich. if you are rich, what you need social security for? high-income earners do not need medicare, because they are rich. they have money. poor people need it. host: what you think about the president as a negotiator? he did not stick to the $250,000 threshold. caller: he sold democrats out. $450,000 is
CSPAN
Dec 26, 2012 7:00am EST
deficit and we cannot, the world will switch to euros. there is a tweet here -- guest: the cbo is supposed to be a political, but it cannot be too alarmist. if we go over the cliff, we are looking on january 1, some of this is already milton. about $600 million -- $650 billion in spending cuts and tax increases. that is about 4% of gdp. that is an enormous negative stimulus. a detraction from demand. that would surely be a deep recession. the cbo relies on simulation models that did not take into consideration investor sentiment, the reaction of consumers, and so forth that they wholly lose confidence in their government. if we go over the cliff and stay there, people will start to conclude that washington cannot manage its affairs. all bets are off on economic modeling. it is impossible to say what happened that other than it would be very negative. host: one piece that you actually did right has this headline -- take the idea of a recession next year. with the perspective of everything else going on, when a recession look like? guest: it depends on how we get there. if we have a
CSPAN
Dec 28, 2012 7:00am EST
beast. we have a $16 trillion deficit right now. we have the deficit because of social security, medicaid, medicare, welfare, food stamps -- all policies put into effect by the democratic party. everything is socialism. thomas jefferson said it best -- the republic is doomed. people sacrifice -- i'm a libertarian. i am more objective. i'm not a republican or democrats. i have to wonder if i want to live in this country. 29% of americans got some kind of assistance when ronald reagan was president. i have to consider and i'm considering moving to a tropical island and watching america go down the drain. we need to abolish social security, medicare, and medicaid. host: i will stop you there. we appreciate your thoughts. joseph says -- will go back to stay but by the president on the passing of norman schwarzkopf. host: "his legacy will e ndure." back to your calls. caller: good morning. god bless us. [indiscernible] where is the love? .e're at a church when the president and everybody was running. the church was all over the program. we're in the church. do you know what happened?
CSPAN
Dec 29, 2012 7:00am EST
pay to pay down the deficit. host: we are going to move on to darwin on the line for independents. caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the same. nobody was going to change anything because next year there were going to pop everything by 10%. they told you got to worry because you would get 10% more. that goes all the way back to 1968. they just keep dwelling on one thing over and over again. i would like to know from the boston globe or the herald is asking for pictures of -- host: let's move on to del on the line for democrats. caller: this is an outrage that they cannot tax the wealthy by an additional 4%. this is the lowest tax rates that have ever paid in the united states. considering that their incomes are vast compared to what they used to be many years ago when they paid a much higher rate, they are wealthy and they do not want to pay. 4% does not amount to enough to affect the deficit. maybe we ought to consider 15% or something like that. france passed a thing if you go
CSPAN
Dec 27, 2012 7:00am EST
obama cannot differentiate or define the difference between the annual deficit and the national debt. the national debt is the fiscal cliff. we say it's unsustainable. from a mathematical standpoint, it is almost insurmountable. the only thing these taxes will do, i have graduate students who could not put into words what a trillion dollars was. host: go ahead and finish your thought on what these taxes will do. caller: what they will do is they will give the politicians a little leeway to fool around with the national deficit, the annual deficit, but they will not put a dent in the $16 trillion debt that we owe. that is the problem. host: we appreciate that call. over the past couple weeks, c- span has been conducting interviews with some of the retiring members. we have been showing those interviewed this week. tonight, one of the retiring members we spoke with is representative lynn woolsey, a democrat of california, served about 20 years. here's a portion of that interview. [video clip] >> i was on welfare because my children, ages 1, 3, and five years old, their father was diagn
CSPAN
Dec 24, 2012 7:00am EST
and our long term problems. i'm not a deficit hawk. people on both sides do bothwell. i don't understand the fuss about raising the age qualification for social security are medicare. and plead with the caps -- simply lift the caps. franklin roosevelt to not want to be called a socialist. if we just lived in those caps, we would delay -- i can remember the exact numbers. for several decades, anyway. i think that would be less painful than raising the qualified age. medicare is the toughest because of health care costs have been skyrocketing. our country's health care cost is rising faster than any other industrial nation. we don't have much coronation. obamacare had to be cobbled together to appease everybody. we have it and we should be focusing on ways to make our health care more efficient and i think we will. these are all tough problems but they need to be handled. being president is like playing three-dimensional chess. maybe four dimensions. caller: thank you, c-span. is the last year, didn't the president give over $1 trillion in cuts? the caller blamed him for the cut
CSPAN
Dec 25, 2012 7:00am EST
campaign in to one 2008 to reduce the deficit and then double it, do you think the american electorate was cognizant of the fact that obama doubled in it instead of cutting it in half? why don't the american people care about the debt of the united states of america? guest: i do think they care about it. the economy is the number-one issue. guess what? then it comes down to things like jobs. then you come to the debt. it is not that americans are out of touch with the idea that the government is spending more money than we are taking in. there is lots of concern about whether or not the chinese is holding our debt. so, americans are very concerned and that the question is how you go about addressing this problem -- are very concerned. the question is how you go about addressing this problem. president obama and the democrats are saying we have a combined problem both in terms of not sufficient taxation and also we have to have cuts in spending. we have to do the cuts in spending over time because you do not want to endanger a very fragile economy. to respond directly to your question,
ABC
Dec 30, 2012 7:00am EST
dollar deficit. >> just a few days before the election day and you're analysis of the polls have given the president better than 80%hance of winning re-election? >> the fact that the president leads in the polls in ohio and iowatates where you would need -- he would need to win 207 electoral votes means he's the favorite in the electoral college. >> this is the era of flation. bernanke is writing checks, mar maria. >> writing checks from the -- >> my frienend steve jobs has ls of cash in the bank. >> you started brewing sam adams beer in your kitchen in 1984. tell me how that happened, how -- how did you decide you wanted to brew your own beer in the kitchen? >> well, i come from six generations of brew masters, so beer was kindd of in my history in my blood. about .06, that was still legal. >> homeless to a little their? >> we believed what we did would work, no matter how bad times were. >> in 2020, are we going to be in a much better place? the alternative w not the greatest health care system in the world with no problems. the alternative was a health care system with a lot o
FOX News
Dec 29, 2012 11:00am PST
the deficit budget. the court took issue with not with the tax, but taxing household equally. and for the latest headlines log onto foxnews.com. you're watching the most powerful name in news, fox news channel. >> paul: welcome back to this special he edition, journal he had t.editorial report. and this year continued high unemployment and slow economic growth. what can we expect in 2013? we're back with dan henninger, mary anastasia o'grady and dan moore. mary explain the slow growth and the markets. >> if respect to the markets, i would say if you look at a chart for, for example, the s&p 500, you go back to april of 2011 to october of 2012. you're basically flat. there's a lot of churning up and down, but in the last months a pickup there and certainly, from the end of -- from the beginning of this year we saw a run on the market, but you don't have a great return if you're a long-term investor. >> paul: right, so, okay, if growth is still slow, okay, why are-- and some people are still investing in companies and the corporate balance sheets earnings have been pretty good, you know
Search Results 0 to 18 of about 19 (some duplicates have been removed)